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objection, the subcommittee is adjourned. president obama on jobs and the economy and income inequality. in less than hour, the head of of mayor confederation teachers speaks with reporters at the christian science monitor. walden,esentative greg on to make haitians and technology. communications and technology. >> a several live events to tell you about tomorrow morning. treasury secretary jack lew will be at the future will trust to discuss the state of financial reform. also on c-span2, members of the house and energy commerce subcommittee on energy and power will hear from energy regulatory commissioners. span330 eastern a.m. on c- we cover a hearing on unemployment benefits that are set to expire at the end of the month. >> from age eight, betty ford, then betty [inaudible] put on skits and plays and that led to eddington, vermont where she studied at the school of dance. these are some of her notecards. no bookstworks -- where she kept cards. she carried this with her to vermont, back to grand rapids, off to new york where she studied with martha graham and work with the powers m
and a very favorable way for wall street despite the expectation that a growing economy will lead to the end of the federal reserve easing money policies. first to the economy, the november jobs report showed an unemployment rate of 7%. that is the lowest monthly unemployment rate since the december before president obama took office. the economy beating expectations , creating more than 200,000 jobs last month. with september and october payroll numbers also revised higher. the labor force participation rate ticked up for the first time in nearly five years. after hitting a 35 year low in october. and the total number of people out of work including the unemployed and the under employed dropped by more than a million people last month. those job gains and a broad range of industries, including higher paying sectors like manufacturing and construction, which added 27,000 new jobs alone last month. wall street today indicated investors may now be prepared to bid adios to quantitative easing despite lingering fears that the better reserve will quit its easing money policies in. the doubt -- do
for the goods in china and other nations. the cap the world's economy humming. it may not work that way anymore . a rebounding u.s. is giving less support for you -- for global growth than it has in the past. the smallest u.s. current account deficits since 1999 shows the trend and the discovery of new domestic sources of oil and gas, it reinforces this issue. the country is spending less on imported energy." you can read the full story on bloomberg's website. the front page of "the pittsburgh post-gazette" -- a look at some of the victims from one year ago and a story that will likely get a lot of attention in the week ahead. this is from "the detroit free press" -- you can get more information by logging on to freep.com. next is robert from massachusetts. decline andre in the reason is because we, as a viewed -- when the world our opinion not to go to war, we would not go with our allies. we are ia country that has of thed because one world sees our moral fabric has declined, that is a decline any way. when bush stole the election world looked the --it is not a has way we go about the world.
is helping to create a stronger economy and a fairer society. will the prime minister meet me and a delegation of young people from cornwall to see how we can further promote these very worthwhile schemes? >> i am delighted with the news about the number of apprenticeships in cornwall. the government have made a major financial commitment to funding apprenticeships. that is making a difference, but there is far further to go in tackling youth unemployment and worklessness among people between the ages of 16 and 24. i am always happy to meet with him, perhaps a suitable moment might be when i am in cornwall. >> house prices are going up at a time when real wages are going down. does the prime minister accept that when interest rates go up after the election, it will detonate a sub-prime debt crisis of his making? >> the greatest danger in terms of interest rates would be to have a government who believed in more borrowing, more spending, and more taxing. that is what would drive up interest rates, that is what would hit the cost of living and that is what every family in this c
about this later in this half-hour? get the economy strong enough, wringing hands over federal reserve losses? charles: we are making the transition to a faster economy, the period when you hand the fed driven rally to the economy, weeks or months, and the bias will be to the downside. dagen: the fourth. and football. a missed call last week. and new technology on the field for the nfl. connell: cold weather driving that energy, we will have the forecast and latest on the market impact coming up as we continue on markets now. no one is talking about a down market but here are some winners on the s&p 500. dagen: this is what is coming up on the next half-hour of new technology that can help nfl officials and change the game looks, potentially. leading the charge as energy prices react to the bitter cold in thin the midwest. and not great news for stocks. we will dig into that even further. and a 1% on your christmas list who loves coffee? they gift for them. in short supply this year than even last. nicole: that is right. this will be hot demand item. seems somewhat irrational to some a
the economy probably added around 173,000 barrels last month alone. we will preview friday's government report. we have international trade coming along with productivity and cost. at 10:00 a.m., we get new home sales and ism nonmanufacturing. finally this afternoon we have the fed's beige book. 21 of the 30 dow components actually declined yesterday. the blue chip index dropped for a third straight day. this was a little bit of a drop because, again, three days in a row we haven't seen anything like that in several months. if you're wording about investor securities, the gauge rode to a six-week high. this morning, u.s. equity futures are indicated up slightly, up by about seven points. s&p futures down by over a point. nasdaq up about a point. and the ten-year note, this is what we've been watching so closely. the ten-year note at some point is yielding 2.8%. >> exactly. >> that's been driving the direction for a lot of these things. moving up yesterday was around 2.78. but 2.8 is where people start to sit up and take note. >> just under 16,000. vix at 14. ten-year, 2.8%. i'm not ready to sa
to the economy and will i make as much money next year and will i have a job. so all of these things and it seems to be more so on people's minds because confidence numbers are dropping and that is a trend that we are seeing since the beginning of october. neil: that has been what you believe, right? >> a lot of people are expecting health care costs to rise another new tax that will calm on consumers. there are a lot of things that have hit the economy, concerns about the government shutdown, concerns about his health care plan, that has translated into not a lot of new jobs. a lot of the numbers have been disappointing and people see that. for people that are working and haven't lost their jobs, they probably feel confident that they can go out and spend some money for the christmas season. but no one is feeling gregarious because there is a lot of uncertainty about the economy and at the same time, we have a 7% consumer savings rate and that is all the way down to 2% now. what we are seeing is consumers have chipped away at any savings they have had and have very few bullets left in the chambe
, subsequent roads, transit and water investments helped fuel our economy and tie the nation together. more recently, the failure to address long-term funding has also been bipartisan. the bush administration ignored strong recommendations from their own private sector experts that they impaneled to give advice. although the obama administration did request and employ some modest funding in the recovery act and has proposed an infrastructure bank and talked extensively and i think sincerely about the need for investment, what has been lacking has been a specific concrete proposal from either party to address infrastructure financing in america. while the political maneuvering has secured here in washington, the gap in the highway trust fund has been growing and conditions of our roads, bridges and transit systems have been deteriorating. this puts america at a competitive disadvantage, complicates the movement of goods and people and contributes to congestion and pollution. at the same time, the needs grow, the resources are in significant decline. the gas tax has not been increased since t
to the latest news of the day. jobs and the economy, we have the details. patricia, good to see you. this is a much better than expected jobs report. >> it was tin deed much better. but the numbers were encouraging, and there was reason to be cautious. >> reporter: the economy shows signs of improvement. lowering the unemployment rate to 7%. there was a healthy bump in higher paying manufacturing and construction. the numbers indicate the economic recover is gaining strength. >> we've had 45 consecutive months. >> while encouraging, there is still a long way to go. >> the economy will have to create between 200,000 to 225,000 jobs per month for the next couple of years. >> reporter: that may be difficult to achieve. the recovery is still on shaky ground with small businesses seeing a slow down for the year. that's significant because those businesses create two-thirds of new jobs. particularly hard hit has been the retail sector. despite slashing prices and opening their doors thanksgiving day retailers posted disappointing sales in november. >> you have a vicious circle if úpeople
remember this is an asymmetric economy and we have keep our eyes on the bottom half. >> it suggests the economy is doing better, even in the face of headwinds and moves us closer to the fed's threshold number. we may get there quicker than we expect. >> thank you for joining us. it's time for "squawk on the street." >> 203,000 jobs added in november. a jobs report headed in the right direction. i'm carl quintanilla with jim cramer. david faber is off. the 10-year yield within about 10 basis points or so of that 3% at least earlier this morning and europe is worth watching as well. looking at the jobs number, as we said, 203,000 non-farm jobs added last month, forecasts calling for about a gain of 180,000. the unemployment rate down 0.3% to 7%, the lowest level in exactly five years. the question is whether or not the fed will scale back its bond purchasing program when the central bank meets later this month. jim, whether it was u-6, the workers, the wages, there's not a lot to quibble with in this one. >> i was most concerned about an even bigger number. this is kind of good. it wa
of today's opinion pages of "the wall street journal:." again, your thoughts on the economy, especially in light of these new numbers, with the federal unemployment rate at seven percent. in.ere is how you can call we divided the lines differently. if you are under 30 -- it is discussions about the economy that takeover the papers today, especially in light of these new numbers. here is the editorial page of "the new york times." they have a different take -- we start this morning in jacksonville florida. angel is up. good morning, what do you think about the economy in light of these current numbers? good morning. first of all, thank you so much for taking my call. go ahead, you're on. caller: there is still a selection process that is very difficult for many people. thethe reason is simple, young people are being selected -- the selection very picky.ery, degrees and i can't find a job in jacksonville, florida. some cities are picking up quickly, some aren't. keep are you going to looking for work or have you given up? caller: i will keep looking. fairs, i apply for work every day. i s
and keep him in peace. >> the labor department released the november jobs numbers showing the economy added 200- 3000 jobs last month and dropping the unemployment rate year 7.3% to 70%, a five- low. the economy has generated just over 200,000 jobs from august to november, up from 159,000 per month between april and electorate -- and electorate reaction coming from capitol hill. house speaker john beat -- house speaker john boehner release a statement -- today's report includes positive sign that mored discourage calls for emergency government stimulus third and said, what our economy needs is more progrowth solutions that get government out of the way. we will bring you live remarks from kentucky senator rand paul speaking at the detroit economic club at 12:35 eastern right here on c-span feared also life during the 12:00 our on c-span2, discussion on hospital admission policies for medicare patients and how that impacts out-of- pocket expenses at 12:15 eastern. also at 12:15 on c-span3, for presidentialan candidate john huntsman and evan bayh will speak about politics. they are cochairs o
of democracy and a propeller of our economy. most importantly, we must really make sure that we figure out how to enable all kids to have the opportunity to not only dream big, but achieve them. >> thank you. let me ask you one or two and then we will go to kimberly to start. let me ask you about the common core standards. you said, you think that obamacare is bad and the implementation of the common core is far worse. who is to blame and anyone stepping up to fix this? >> i am not a big believer in this. i am a union leader and i could easily say, this one, this one, this one. if we are not rolling up our sleeves and actually engaging, then we are in the same debate over who cares about kids. i care about kids, no, i care about kids. that is a debate we are having. let me just say, this is what i think is happened. we do education policy by precedent. i think the governor and the state she's right about saying, let's figure out a set of standards that are aligned to what kids need to know about the global economy. they move pretty fast about it. we were engaged with them and brought a lot of
of taper. it gives them comfort that the economy is doing well. i think friday's job report and some other items recently, i think investors are getting comfortable if it does happen in december. >> if it does happen, they say the fed is more likely to wait and happen next year. what is the fed going to be looking at at this point? you see a stronger jobs number. it's tough for a hawk to say that the feds have a definitive breakout pattern. >> that's right. our economists are saying the fed is probably interested in trying to begin the taper process. i think january is a better date. i think that will help. if we can see spending, we'll see how that will be a factor. >> you said at the end of november that december is likely to be a pretty strong month for the market. last week was a down week. what do you think the month will bring at this point? >> i think investors will want to finish the year strong. i think they're optimistic about 2014. there's still a bit of performance chasing taking place. then our position data we track, hedge fund and mutual fund data and broader macro fund posi
"happening now" ♪ ♪ jon: good morning on this wednesday. the president giving a speech on the economy today to talk of obamacare again. all part of a three-week pr blitz to convince americans to sign up and soon. hello, i am jon scott. jenna: i am jenna lee. the presidents common coming on the heels of the enrollment website 631 the website is trying to put the botched rollout behind it. getting that millions of enrollees getting the health care law work. the deadline to sign up for coverage next year is december 23. let's talk about with karl rove, a senior adviser and deputy chief of staff to president george bush. he is also a fox news contributor. that was part of her job when you are there to get the message out and get the programs in the public eye. can the president resell a program that has had such a difficult time? >> they had an enormously bad first impression and it is hard to convince people that this program isn't fundamentally flawed. there's a lot more bad news than there is good news. millions have lost their private insurance coverage and they are finding that when they g
economy is improving. we have doubled our production of clean energy. doubled our traditional energy sources. we are on the brink of being as close to energy independent as any country our size could be in a very long time. a we still have the best universities and companies on earth. we're the envy of the world. so i continue to have great confidence in our capacity to solve our problems. there is a specific challenge that we've got. that is a congress and this city, washington, that is gridlocked and spends too much time worrying about the next election and not the generation. the solution to that is ultimately what was envisioned by our founders. and what jack kennedy understood as well. and that's the american people. question go through these periods where aur politics gets all bollucks up. the truth is when you look at our history, there's been a lot of times where congress gets stuck. but the reason we get through it is the american people have good instincts. if over and over again they see we're not addressing the core problems we have, eventually they will put in place folk
because the what the nazis and the sweet is that. the and that that the economy and to amend the deal positions as much or eat at the bottom that they cannot dismiss the government and they want the government to dismiss salam. action is very difficult to predict what had happened. you'll be sucked into the model not a situation thank you very much that the professor makes all negotiable. thank you. will the world new the french forces are now taking up positions in flashpoint areas of the central african republic. it's meant to help put an end to several days of sectarian violence. an estimated four hundred people dead and forced thousands to flee their heads the country's top catholic official today appealed for calm. he's urging christians in the country to end the cycle of vengeance against the country's muslims i kept silent on the tumble in the capital boogie is koda limits. tomorrow is our chicken of the crucial during the transitional government and mainstream presentation due to the heat out of the soldiers the ripples from the former coalition to help him go. president. what
able to improve reforms. instruments tous have a very strong economy and especially, very good social results. the facts are there. the economy is growing almost at an average of 5.0%. we have been creating jobs for 14 months in a row. we had a performance of 40 months, month after month, the unemployment rate was going down. we can say that very proudly colombia has created more jobs than any other country in latin america, including brazil. this is something which i think is very important. the jobs that we have been creating for the first time our formal jobs instead of informal jobs. we have put in place specific and focused public policies and ,aken action to fight poverty extreme poverty. peru,sides through -- which has been the country that has performed better in this are theafter peru we best performer in the whole region in terms of decreasing poverty. and also against extreme poverty we have put in place specific actions and we have been able to take on extreme poverty more than one million -- for more than one million colombians. one of the big problems that we bottlenecks
a floundering economy. there is one area that can help break the logjam, not solve all our problems, certainly, but help us significantly along the way. congress should address the critical needs of our nation's infrastructure deficit. roads, bridges, transit systems are all increasingly at risk. we are facing an inadequate state of repair, construction of new facilities are on hold and we are losing ground in meeting our own needs, let alone the challenges of global competition. yet, this challenge is an opportunity for some potential progress. we know what to do to meet this challenge. we can write a new transportation bill that will meet today's needs. it just needs more money. there is a vast coalition that supports additional resources for infrastructure. the so-called special interests that are so often at odds are remarkably aligned when it comes time to recognize and fix this problem. business, labor, professional groups, local government, environmentalists, truckers, bicyclists all agree. the paralysis that surrounds questions of raising taxes does not necessarily need to apply in thi
more positive news on the economy, lower on the statement that the fed will real in the stimulus. nicole petallides on the floor of the stock exchange on track for a fifth day of declines. nicole: we come off of the lurch and worth noting technology stocks, and attack have been nasdaq moved into the green moments ago for the nasdaq. up four points at 2,049. the s&p and the dow have down arrows. 15,823, and the loss is just 24 points. keeping an eye on the fear index, some strength in retailers, and what the fed will be doing. j.c. penney under pressure again, topsails coming in for j.c. penney and the lot of analysts say those 6 months are they're looking at markets, whether or not they believe some funding for next year. cheryl: thank you. huawei adam: the world's largest carrier may be carrying the iphone according to the wall street journal's china mobile, will likely author the phone later this month so what does this mean for companies? with more details and to break it down. >> to give some perspective, seven hundred million subscribers, the number of users of verizon in th
is getting better. our economy is improving. we have doubled our production of clean energy. doubled our production of traditional energy sources. we are on the brink of being as close to energy independent as any country our size could be in a very long time. we still have the best universities on earth, the best researchers and scientists on earth, the best workers on earth and the most innovative companies on earth and we're still the envy of the world and the most indispensable nation. so i continue to have confidence in our ability to solve our problems. there is a specific problem that we've got, and that is a congress, and this city, washington, that is gridlocked and spends too much time worrying about the next election and not enough time worrying about the next generation. and, you know, the solution to that is ultimately what was envisioned by our founders and what jack kennedy understood as well, and that's the american people. you know. we go through these periods where our politics gets all mixed up. and the truth is we're nostalgic about the past. >> i am. >> i know you ar
't create a pro-growth, pro-middle-class economy. and no less than the new pope has now started speaking out about this. when our country had a burgeoning middle class, it's because we had a shared prosperity. now what we're seeing is the opposite. >> can you tell us roughly how many members you have in detroit and how many have been illinois? >> i could if i -- i'm going to give you a paris-roubaix just. in detroit, we have come in detroit itself we have about three, 4000 members. in michigan we have about 15,000 -- i think about 15,000 members. and in illinois we have said probably somewhere around 40,000 members, maybe 50,000 members. [inaudible] >> 19,000 is the average retirement that somebody gets. and in wisconsin, the average retirement that a public employee gets around the country is about 24, $26,000 to the other thing, think about it, every time a retiree, every time someone spends a dollar of the pension, it creates about $2 change, i think $2.37 in economic output in making the. are we going have a pro-growth, pro-investment, pro-middle-class economy? are we going to keep havin
of the financial crisis. but the job market is getting better. our economy is improving. we have doubled our production of clean energy. doubled our production of traditional energy sources. we are on the brink of being as close to energy independent as any country our size could be in a very long time. we still have the best universities on earth, best researches and scientists on earth and most innovative companies on earth. and we're still the envy of the world and the one indispensable nation. i continue to have great confidence in our capacity to solve our problems. there is a specific challenge that we've got. and that is a congress. and this city, washington, that is grid locked and spends too much time worrying about the next election, and not enough time worrying about the next generation. and you know, the solution to that is ultimately what was envisioned by our founders and what jack kennedy understood, as well. and that's the american people. you know, we go through these periods where our politics gets all boll objectioned up. and sometimes we're nostalgic about the past. >> i
to that breaking news on the economy, americans are getting back to work, 203,000 jobs were added to payrolls in november, and the unemployment rate ticked two notches lower to 7%. that's the lowest unemployment rate in five years. our chief business correspondent christine romans is here to break down the numbers. better than expected, so should we feel absolutely completely good about this? >> i saw some broad-based strength in these numbers from warehousing to retail to transportation to construction so there's broad based health care as well, that's important here. carol, the trend, i always talk about the trend how important that is. you look at the last four months on average, 200,000 plus jobs over the last four months and carol we are on track this year for the most jobs created since 2005. we're on track for more than 2 million jobs created and that is a marked improvement from what we've seen in recent memory, so this is good news, a 7% unemployment rate is still good news. you'll hear people talk about their concerns about this underemployment rate, 13.2%, people who are unemployed
struggling, it will actually harm our economy. unemployment insurance is one of the most effective ways there is to boost our economy. when people have money to spend on basic necessities, that means more customers for our businesses and ultimately more jobs. >> the republicans meantime remain focused on obama care. north carolina congress woman renee elmhurst delivered the gop's response earlier today. >> families who work hard and by play the rules deserve some basic choices, fairness and relief. that's why the house has passed legislation to delay the individual mandate for all americans and let you keep the plan you like. these proposals are among the dozens of house passed jobs bills awaiting action in the democratic-run senate. >> meanwhile, good news on the latest jobs report to share. 203,000 of them created in november, just 1,000 shy of the number of jobs created in october. unemployment fell by.3 down to 7%, the lowest in five years. kristen welker is at the white house for us. kristin, i'm curious how the white house is interpreting these numbers. all good? >> well, look, th
fuego, with demand outstripping supply. and if the economy keeps improving, things will get even better for the hotel operators. hilton is, in fact, the world's largest hotel chain. it's under a number of brands, not just hilton. waldorf astoria, conrad, doubletree, embassy suites, hampton, homewood suites. now it's expected to price next thursday at $18 to $20 a share. i want to give you a head start to focus on this one. a little over a week, stock's trading under the symbol hlt. at the midpoint of that range, this would be a $19.3 billion company and the stock would be fairly expensive by most metrics. however, i still think it makes sense for you to try to get in on the hilton deal. let me tell you why. i think it's likely the stock will pop on the first day of trading, as has been the pattern for the vast majority of ipos this year. some of that is because hilton is private equity backed ipo by blackstone. blackstone took the chain private in 2007 and now they're spinning it off again as a private company. last month we saw another hotel play from blackstone come public. i'm talkin
with stakeholders from all areas of our economy and with the administration and the courts to ensure an open, deliberative thoughtful process, we held several hearings and issued two public discussion drafts in may and september of this year which led to the formal introduction of the innovation act in october. i believe that it takes the necessary steps to address abusive patent litigation. abusive patent litigation is a drag on our economy. everyone from independent inventors to startups to mid and large-sized businesses face this constant threat. the tens of billions of dollars spent on settlements and litigation expenses associated with abusive patent suits represent truly wasted capital. wasted capital that could have been used to create new jobs, fund r&d and create new innovations and technologies that promote the progress of science and useful arts. and that's what innovation is really about, isn't it? if you're able to create something, invent something new and unique, then you should be allowed to sell your product, grow your business, hire more workers and live the american dream.
rate fell to a 5-year low and is at 7%. the economy gained more jobs than expected adding 2003 positions. they were low spread in high and low positions. mike viqueira has more from the white house. >> new unemployment figures are good from the white house. they've been waiting for this. whether or not 7% matters economicallily or to any people for millions out of work, and those who have given up looking for work, from a political standpoint it's good news for the obama generation. with unemployment insurance set to expire, the white house is stuck in an ironic situation. they are arguing for an extension. if growth is improved, it was announced thursday and friday down to 7% unemployment, the lowest in five years. the administration says that unemployment insurance has got to be extended. white house spokesman jay carney made the case on friday afternoon. >> the news we have today eenforces that we need to address the problem and extend unemployment insurance benefits to those individuals. this is a persistent problem. it would be terrible to do that to more than a million fa
276. that's been a pretty significant change. >> a big move but at the same time economy a little bit better. >> unless you count jobs numbers, right? which we'll get another look on friday. >> you want to go against the autos? >> i think gm will have great numbers. there's momentum that's difficult. david, you made the best point. do i want to sell anything other than the losers? five stocks in the dow up less than 10% and clunkers. okay in maybe you want to sell a clunker, caterpillar. a clunker, ibm. otherwise, why take the gain issue? >> i talked to a couple of guys who believe we will have a technical melt-up in the winners for this very reason. >> why would you sell them? you'll buy more or conceivably because nobody has a reason to sell them. we look at the supply. i look at the quarters to me the most important thing is not the revenue growth, not the earnings growth but the shrinkage. companies bought their own stock hand over fist and not a lot of stock for sale. i think it's major. >> looking for clues as to how business news, working into the overall american psyche, check
, they won't need social services, and the economy, the system will be paying less into social services as a whole. so 50 cents for a burger is really not that big of a deal. >> all right. nbc's katy tur, thank you for that report. i want to now bring in an associate professor of economics at umass. he also penned "the new york times" op-ed "the minimum we can do." he says, while we can set a wage floor using policy, should we, or leave it to the market. thanks so much for joining us. >> thanks for having me. >> so i wanted to start, one of the things i thought was interesting in your op-ed is you talk about the fact we used to have a variety of mechanisms for setting the wage. it wasn't just up to employers. some of those mechanisms have gone away over time. explain that. >> yeah, for most of the post-world war ii era, wages in the u.s. were set using a combination of things like the minimum wage as well as collective bargaining, unions, who actually used to help set wages together with employers. that is not the case today. unions and the private sector have virtually disappeared in m
understand the connections of a complex, global economy. it's just one reason over 70% of our mutuafunds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. adam: yes, another icon of magazines has gotten back just as vennable name you thought had died is mounting a comeback in print. like horse buggies. horse whips. dennis kneale with all the news fit to print. dennis? >> "newsweek" back from the dead. venerable "newsweek" went out of print late last year. clinging to the online existence in the belly of "the daily beast". the beast is knew a small buyer. "newsweek" says run the presses it will be a print version next year, a shadow of a it former self, 64 pages. gets more money from subscribers than advertisers. with startling circulation of only 100,000. that is basically a small local newspaper for once venerated national magazine that peeked at 3 in.3 million subs in 1991. -- 3.3 million subs. iconic "new york" magazine, i
. caller: good morning. host: you are on, go ahead. said, theye he just .ay and could boost the economy so i agree. but at the same time it is not for sure that this is what they are going to do. promises, promises. what they're going to do, what they could do, how but given the -- they try to schedule trips to out-of-state. we want to go and explore the regions outside planet earth. we overhear her -- overhear hurting. you know, but i mean -- the i'm going to say it like this. more tightening up. alright. what the heck? twitter --f web talksat's on the about a concert that used drones to deliver beer. it says -- dominoes even floated the idea of testing pizza delivery. it says -- most of the responses to this amazon ising that thinking about a drones system that would deliver packages of a certain weight in about 30 minutes. you saw video of that, which sparked some of the reaction, even to the point of legislators. we want to get your thoughts on commercial uses of drones in the united states, if you would support or oppose that. on your screen. lauren is on our for those that supported.
economy. >> translator: i want a new government that listens to the people and doesn't treat us like animals. >> translator: we are here to fight for our rights so that our kids are brought up in a good country without corruption where everything is fair. >> reporter: the crisis is reaching a crucial moment. the president believes he can survive with moscow's help. the protesters say they are ready for a long fight to the achieve their aims. tim friend, al jazeera, kiev. >>> moving to asia, a move that has increased the political crisis in thailand. members of that current tree's main opposition party resigned from parliament today. they called the current government illegitimate and are refusing to work with the prime minister. five people have been killed since massive protests began last month. demonstrators want the prime minister to step down. in egypt, police used tear glass to clear a crowd of protesters at as islamic university in cairo. they say students threw rocks at officers and were trying to block traffic at a major thoroughfare. they were supporters of morsi, four se
. is it because the sanctions were biting deeply into the economy or from a political perspective the ar art you are genuine in sg a new chapter. >> in iran we have political elections an an popular and popr elections. >> they chose a different path this time around. and that election provided a historic opportunity to us and to the west in order to atry tro address us. you. we are not talking about sanctions. when sanctions started iran had less than 200 centrifuges and the note product has been 1880 centrifuges that has been added to iran's stock of centrifuges so sanctions have utterly failed in that regard. it seems to me that the west is trying to take advantage of the historic opportunity. we have a new government and a different approach to foreign policy. our tenants of foreign policy have not changed we insist on our rice rite an rights and we t negotiate. this can be achieved best through construction gea negotiation. >> first of all, what has happened, nick, since this deal was made and are there signs of how this is going to work? >> yeah, john, i think their initial reaction is tent
susceptible to foreign competition and could damage the broader economy. and on the topic of the economy, the november jobs report is out friday. it will be closely watched. some are expecting the unemployment rate to drop as much as .5%, not because americans are getting hired but because the dip in unemployment is due to washington removing more than one million long term unemployed people off the benefit roles. jobless benefits were 1.3 million people set out to run out on january 1st. >> yeah, there is only a few days left for congress to do that. listen, amazon made a lot of news with that drone story delivering packages. it turns out they're not alone in trying this out. >> brian, the drum wars are upon us. it's not just amazon. ups and google are also testing their own versions of delivery drones. u.p.s. neither confirming or denying the reports of the testing and a google watchdog site says the company has been testing drones as recently as february. it looks like we'll be getting drone delivery sometime soon. i'm not sure how they can get in my apartment bulgd. >> i think new yo
workers, good for economy and part of the american dream. i really don't think government should have to set a minimum wage. i would like to believe employers would want to pay a fair wage and one that doesn't have to be supplemented with welfare food stamps and health care. it is a good feeling when you pay your employees a wage where they can buy and afford to purchase goods and wares being sold. it is embarrassing for people who work in retail stores where profits are soaring and employees are making -- employers are making large income but the staff cannot afford to buy the goods they are selling. connell: when i heard it be great if the government didn't set a minimum wage. the conservative argument against raising the minimum wage is if you raise the wage too much, these businesses, it will hurt job growth, they will not want to keep paying it and they will lay people off so it will be detrimental to your cost. that is the argument. >> i think it is a good argument and i support keep government out of these decisions whenever you can. let the private sector work its will. the qu
's leadership is focus on what most people's priority is which is creating jobs and getting the economy to turn around and long-term issues and get a handle on the safety net programs like social security and medicare. that is the appropriate role for the government and i think most americans agree. which is why they reelected president obama. >> do you think richard's concern? he feels it is being put on him. is that a fair concern? >> i really don't. in this case, accusations like he unfortunately chose to do isn't constructive. i wish folks like him would step back, listen and engage in dialogue and understand the other side's point of view. when you here talk like his, it is evident he is watching fox news and gets the information mostly from right-wing conservative sources and isn't open to other points of view. and that is why i wrote the book. hopefully someone finds a way to see we have to try to work together and not dig in so hard and accept everything we hear from one side or another. >> putting on your political hat for a moment. the rollout of the health care website: has it hurt
difficult to forecast exactly one that is going to be. in part because the economy is -- it is a little bit more strong. as a result that extends the time in which the treasury -- atment can do things some point congress is going to have to do that. i suppose the earliest it could possibly be is february. it is much more likely that it is sometime in spring or the beginning of the summer. then you are going to get the debate over -- we should look at tax hikes, changes in entitlement. it is hard to see how they are going to get any agreement on those areas. particularly in election year. the house is expected to adjourn for the year on friday and the senate shortly after. a lot of high-profile legislation still hanging in the balance. it is the list of what is likely to make it through the 113th congress. i think the only thing that is likely to get through is the defense authorization act. will see what gets included. one thing we will be watching is to see whether any legislation sanctioning iran is added to that bill. the administration is doing everything it can to prevent congress from
, and trying to figure out an economy that works for all i think is important. take tomorrow, fast food workers. 100 places where fast food workers are going to be staging strikes. and who are the fast food workers now? it is no longer 18, 19, 20-year- old kid trying to get into college, or in college and doing this is a job. when you go to mcdonald's, when you go to walmart, you are seeing people in their 60s and 70s. this is wrong. and so i think there is a sense -- we will see. so, but, in terms of my belly wake, public education, on december 9 there will be over 60 events, 60 cities, counties, towns, and more coming every day, of parents, community groups, clergy, our union foundations talking about how to do bottom up reform, solution reform, community-based reform that actually helps kids be more successful than schools. so we are seeing this community work and this bottom-up organizing in public education, as well as in economic issues. job issues. >> mr. sellwood. >> you mentioned that we should not have a race to the bottom in this country. with what we saw in detroit, is does that rai
pocketbook issues, this is right on point. that's why given where we are at with a still struggling economy for many people, health care does fit into these pocketbook issues. when republicans talk about you've got your free choice of doctors, for most people there isn't an actual free choice, because the cost of going to any doctor, any hospital you want is prohibitive. those are those out of network costs that make it very, very difficult for anyone to support this free choice that supposedly is part of this system. so people understand that very well. what they don't understand is what the president is proposing and how these costs will come down if they take part in these exchanges or the coverage they get will be better through their employer. >> has the democratic side been outmaneuvered on this, outmarketed on this so far, rick? >> well, they labor under the disadvantage of having to actually get something done. they can't do their marketing strictly with words, they have got to do it with deeds too, as this rollout continues. and that's why it's been such a rocky road for them. that
the protests could damage the nation's economy, particularly its $6 billion a year tourism industry. >>> it was a day of mourning in scotland today, a day after a police helicopter crashed into a pub, killing at least eight people. our british partner itv reports from glasgow. >> across scotland, people paid their respects today. a minute silence was held before the scottish cup match with celtic. ♪ and a special service was held at glasgow cathedral, just a few hundred yards from the street of the cash. the police chaplain has been supporting bereaved officers and those who have worked long, difficult hours here. >> we have seen the courage of glasgow. we've seen the sadness. and then we'll see that drive and that passion and that life and that humor come back to the force. >> with all real hope of rescue now gone, a recovery operation is underway at the bar in glasgow. piece by careful piece, the wreckage of the police helicopter is being removed, but it's a delicate process. much of the building has collapsed and bodies still lie inside. bandaged and bruised, gary was inside th
also dropped as far as the economy is concerned. the president has a major economic speech tomorrow. tell us about it. >> reporter: well, first of all one of the things that drove the president over the three weeks, democrats on capitol hill, excuse the expression, they're freaking out. the polls came out of nowhere to upset everybody, why? because he changed his focus to the shortcomings of the website and the issues of obamacare at large. but the president tomorrow will weave all that have in, the affordable care act, into a larger theme that he has been talking about for quite some time and he hit it in the state of the union just this year, and that is income disparity in the united states. he'll focus on that as the problem. we're very familiar with the statistics, the income of the upper 1% in the country tripled over the last 20 to 3503 years meanwhile the middle class saw their income grow at a snail's pace of 1% over that same time period. he'll talk about minimum wage. he'll look forward to it rise to $9. in the direct of columbia there is a bill to raise it to $11.50 an h
a very rare phenomenon. >> is it stuffer at a time when the economy is not robust when the state's in which these cities and counties are located are also feeling a lot of strain, is it tough for put these restructuring deals together? >> the state plays a significant role in the fiscal health of the city. they offer state aid to local governments. that makes up a third of the city revenues. when cities cut back due to their own fiscal pressures local governments experience a lot of fiscal squeeze as well. >> are there fewer good choices when you're finally pushed to make a bankruptcy declaration. >> bankruptcy is a measure of last resort. joining anybody enjoys having to papaying pensioners, or putting cops on the street or fixing potholes and doing things that create vibrant cities. when they declare bankruptcy it is an indication they have got themselves backed in a corner that they cannot get out of. >> pennsylvania is a sizable place with an enormous budget. what got the city there and how did it get out? >> there were two problems. on a regular basis the revenues that the c
is under control and doesn't present a serious threat to the economy. he focused on the gap between the rich and the poor and making the case for raising the minimum wage to more than $10. while extending unemployment benefits. >> we know that we're going to have greater and greater portion of our people in the service sector and we know that there are airport workers and fast food workers and nurse assistants and retail salespeople who work their tails off and are still living at or barely above poverty and that is why it's well past the time to raise a minimum wage that in real terms right now is below it was than when harry truman was in office. >> republican leaders quickly took issue with the president's poach. house speaker john boehner suggesting the president's policies created the very problems that he described. >> meanwhile republicans and democrats are trying to hammer out a budget deal to avoid another government shutdown next month. paul ryan and patty murray are heading up these talks. the two sides are said to be about $100 billion apart with the gap narrowing in the
. as everyone looks for ways to stimulate the economy they are questioning whether the longterm benefits are needed at this point. >> we'll see what happens in the next few weeks, thank you. >> tomorrow the labor department releases the labor numbers. >> the hits keep coming for the nsa. the agency tracks up to 5 billion cell phones a day. they use the data to map people's location to follow their movement around the globe. the newspaper says the information came from documents provided by former nsa contractor edward snowden. the cell phones wer being trackd are outside of the united states. >> the fast food workers are striking across the country they are pushing to make it easier to unionize. many pr protestors are asking fr 15 there an hour. that is twice as much as many owner in the u.s. it comes after president obama says raising the minimum wage will not hurt jobs. last month a seattle suburb increased their wage to $15 an hour and that is by far the high over the in thhigh -- highest i. it's 2:00 and her five-hour shifted at kfc is over. she is off to pick up her joiningest sojoi
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